COSCO Shipping Ports (CSP) aims to provide more effective and efficient supply chain services through a new alliance with GLP China Holdings Limited and Eshipping Global Supply Chain Management (Shenzhen) Company Limited.
The three companies, which have also signed an MOU, will begin the alliance in China at CSP’s terminals and gradually expand into its global network. The deal will support CSP’s move to focus on more innovative inorganic growth and comprehensive deployment of port resources through the development of terminal extended services and a port supply chain platform.
Zhang Wei, vice chairman and managing director of CSP, said: “By partnering with GLP and with its experiences in logistic development and operation, CSP can better utilize its existing terminals and lands outside the terminals, and create a new business model and value beyond the limits of traditional seaborne logistics.
“The team up with Eshipping, an e-commerce supply chain management platform of China COSCO Shipping Corporation, in integrating the upstream and downstream resources along the supply chain and integrated warehousing solutions etc. will enhance the supply chain services of the Company.”
Huang Xiaowen, deputy general manager of China COSCO Shipping Corporation, chairman of CSP and Chairman of Eshipping, commented: “We are happy to form long term strategic partnership with GLP. We believe by integrating the complementary synergies within China COSCO Shipping and the strengths and resources of external leading corporations, should help speed up the market development and provide clients with more effective and high efficient full supply chain services by forming a seamless connection of “sea”, “terminal and terminal extended area” and “supply chain services”.
Sources:portstrategy
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